Search Results for: recession

No one wants to think about another recession happening. But economic downturns are inevitable. Just recently, Britain and Europe went through the Brexit crisis. Britain’s decision to leave the European Union by a referendum sent financial markets into panic mode. The pound plunged, and has yet to fully recover. As …

The United States is experiencing its fifth relapse in five years. This past week the U.S. government announced the country’s economy rose in the January-March 2016 at a mere 0.5 percent annual growth rate. Since the U.S., unlike other countries, estimates its GDP based on annual rates, that means for the …

Federal Reserve chair Janet Yellen may have missed her window of opportunity to raise interest rates. The economic data no longer paint a picture of even a tepid recovery. Since the start of the year, key indicators for the economy began pointing toward recession. Add to that the recent Eurozone …

2016 has been one year that has seen a mixed reaction in both the commodities and the stocks market since the beginning in January. Stock prices have been fluctuating due to the uncertainty in the market as to the effect of the slowing growth in the Chinese economy. Moreover, the …

Australia could face its first recession in almost 25 years unless authorities further stimulate the economy, Morgan Stanley said. The nation’s economy will expand just 1.9 percent in 2015, with 1.5 percentage points of that coming from higher exports, and unemployment will climb to 6.8 percent, Morgan Stanley economists led by Daniel …

If anyone is still not convinced that surging stock bourses in Europe are indicative of anything more than central bank liquidity, carry trade allocationand localized asset bubbles, we present a snapshot of what is actually happening on the ground via Italy’s Ansa: “It’s a massacre,” said Confesercenti President Marco Venturi. …

While markets are forecasting only a 10 percent chance of a global recession, Danish investment firm Saxo Bank puts the odds at over 60 percent. “Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the …

By Filip Karinja Australia’s second quarter gross domestic product results have been released showing that the economy grew by 3.3%, making it the strongest growth experienced since the June quarter in 2012. This is now the 100th quarter that Australia has gone without technically experiencing a recession, closing in on the …

From Filip Karinja, for Birch Gold Group This week, former Ronald Reagan administration aide and 20-year Wall Street veteran David Stockman has come out and fired shots at the Federal Reserve. The former insider had some very interesting things to say about the U.S. central bank and the state of the …

Unemployment has jumped to the highest level in more than 12 years, following a surprise fall in jobs growth. The jobless rate rose to a seasonally adjusted 6.4 per cent from 6 per cent in June, its highest point since August 2002. The economy lost 300 jobs in July: While …

The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession. According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value …

Croatia will be officially recognized as a European Union member at midnight on Sunday (last Sunday), becoming the 28th state to join the bloc. Over 170 foreign officials, including 15 heads of state and 13 prime ministers, are expected to attend the grand ceremony in the capital, Zagreb. European Commission …

If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them …

From Filip Karinja, for Birch Gold Group Despite the mainstream media running headlines like “Nowhere to go but up“, the numbers coming out on the health of the economy tell a different story. To be sure, there are some companies doing well at the moment; the media has a field day parading around …

The largest mountain of debt in the history of the world just continues to grow even larger, and everyone knows that this colossal debt spiral is not going to end well. But we all keep playing along because nobody wants the party to end. Right now, there is an unprecedented …

Forget the complicated flowcharts, scenarios, and government-banking-system reacharounds, the global economic collapse has never been so easy to comprehend… [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=1qoq9jIjpNM[/youtube]

By Filip Karinja On the 28th July 2016, Professor of Economics at Kingston University, Steve Keen, gave a presentation on the outlook of the Australian economy at The Royal Society of Victoria located in Melbourne. The British-based economist and author of the popular Debunking Economics book considers himself to be …

The release of the June Jobs’ Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists’ expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The …

People queue outside a government employment office in Burgos. Eurozone unemployment levels have hit 12 percent – the highest in the history of eurozone record-keeping, since the currency was launched in 1999. The average unemployment rate across the eurozone’s 17 constituent European Union countries rose from January’s initial 11.9 percent …

Even if the US Labor Department has determined that the unemployment level has finally plateaued after months of staggering jobs statistics, the truth behind the numbers isn’t all that nice. Only four out of every ten adults in the US is employed. While the percentage of Americans filing jobless benefit …